Bangladesh’s stocks rebound with high turnover

4:02 pm November 16, 2015| Last Modified: 4:02 pm November 16, 2015

Dhaka, Bangladesh (BBN)-Bangladesh’s stocks rebounded on Monday with increasing participation as investors went on buying spree following the news of timeframe extension of banks’ capital market over exposure adjustment.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, experienced upward trend.
The key index of Dhaka Stock Exchange (DSE) gained 51.60 points and the port city bourse Chittagong Stock Exchange (CSE) earned 82.32 points.DHAKA STOCK EXCHANGE:
The market opened higher which sustain till close the session. At the end of the session, the benchmark index of the Dhaka Stock Exchange (DSE) rose 51.60 points or 1.16 per cent to settle at 4,475.81 points.
The DS30 index, comprising blue chips, gained 12.95 points or 0.76 per cent to end at 1,699.35.
The DSE Shariah Index (DSES) advanced 13.10 points or 1.22 per cent to finish at 1,078.40.
DSE turnover crossed Tk 4.0 billion-mark after two weeks and stood at BDT 4.15 billion, which was 88 per cent higher than the previous day’s eight months’ lowest turnover of BDT 2.21 billion.
The gainers took a strong lead over the losers as out of 317 traded issues, 238 closed higher, 44 higher and 35 remained unchanged on the DSE trading floor.
IFAD Autos dominated the top turnover list with shares of BDT 496 million changing hands followed by Beximco, KDS Accessories, Olympic Industries and Saif Powertec.
Shahjibazar Power Company was the day’s best performer, posting a rise of 10 percent while IFAD Autos was the day’s worst loser, plunging 15.48 per cent.CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) closed higher with its Selective Categories Index- CSCX- gaining 82.32 points to end at 8,310.85.
Gainers beat losers 174 to 40 with 20 issues remaining unchanged on the port city bourse that traded 8.96 million shares and mutual fund units with a value of BDT 255 million.BBN/SS/SK

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